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Find the after - tax return to a corporation that buys a share of preferred stock at $ 3 4 , sells it at year

Find the after-tax return to a corporation that buys a share of preferred stock at $34, sells it at year-end at $34, and receives a $4 yearend dividend. The firm is in the 21% tax bracket.
Note: Do not round intermediate calculations. Round your answer to 2 decimal places.
After-tax rate of return
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